Line On Close

P

profitseer

I had so much crap on my charts I finally had to take off the candles and replace them with LOC. I always liked LOC because it was the simplest of all charts.

At any rate, when I'm reading the market well, price becomes the most deceptive indicator. It may be going up or down, but my support and resistance and trendlines tell a different story. That's when trading is really fun.
 
Quote from nkhoi:

point and figure will give you even simpler chart
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your point about point and figure is a point well taken.

I had my first nervous breakdown trading corn with point and figure. Like the guy who taught me said, "Now, this is going to take a real commitment."

I think I'll try to relearn everything I have mercifully forgotten about point and figure.

thanks for the chart. What's a triple bottom breakdown? How do you trade it? Go short when the low is taken out?
 
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